GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kaori Heat Treatment Co Ltd (TPE:8996) » Definitions » Cyclically Adjusted Price-to-FCF

Kaori Heat Treatment Co (TPE:8996) Cyclically Adjusted Price-to-FCF : 339.31 (As of Jun. 09, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Kaori Heat Treatment Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Kaori Heat Treatment Co's current share price is NT$492.00. Kaori Heat Treatment Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was NT$1.45. Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF for today is 339.31.

The historical rank and industry rank for Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TPE:8996' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.86   Med: 55.27   Max: 668.25
Current: 339

During the past years, Kaori Heat Treatment Co's highest Cyclically Adjusted Price-to-FCF was 668.25. The lowest was 28.86. And the median was 55.27.

TPE:8996's Cyclically Adjusted Price-to-FCF is ranked worse than
95.06% of 1032 companies
in the Industrial Products industry
Industry Median: 32.78 vs TPE:8996: 339.00

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kaori Heat Treatment Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was NT$2.991. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is NT$1.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaori Heat Treatment Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kaori Heat Treatment Co Cyclically Adjusted Price-to-FCF Chart

Kaori Heat Treatment Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.48 53.95 48.09 236.76 220.09

Kaori Heat Treatment Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 225.46 534.84 346.78 220.09 252.18

Competitive Comparison of Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF

For the Specialty Industrial Machinery subindustry, Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF falls into.



Kaori Heat Treatment Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=492.00/1.45
=339.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kaori Heat Treatment Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Kaori Heat Treatment Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=2.991/131.7762*131.7762
=2.991

Current CPI (Mar. 2024) = 131.7762.

Kaori Heat Treatment Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.585 100.560 2.077
201409 -2.370 100.428 -3.110
201412 3.141 99.070 4.178
201503 -0.611 99.621 -0.808
201506 -2.755 100.684 -3.606
201509 -4.003 100.392 -5.254
201512 8.041 99.792 10.618
201603 0.997 100.470 1.308
201606 -2.418 101.688 -3.133
201609 1.213 101.861 1.569
201612 2.116 101.863 2.737
201703 -0.477 102.862 -0.611
201706 0.800 103.349 1.020
201709 1.700 104.136 2.151
201712 0.017 104.011 0.022
201803 1.770 105.290 2.215
201806 1.019 106.317 1.263
201809 0.190 106.507 0.235
201812 2.014 105.998 2.504
201903 -0.363 107.251 -0.446
201906 0.779 108.070 0.950
201909 0.377 108.329 0.459
201912 1.383 108.420 1.681
202003 -0.299 108.902 -0.362
202006 -4.870 108.767 -5.900
202009 -1.255 109.815 -1.506
202012 0.544 109.897 0.652
202103 0.870 111.754 1.026
202106 0.770 114.631 0.885
202109 -1.215 115.734 -1.383
202112 1.773 117.630 1.986
202203 -0.774 121.301 -0.841
202206 -0.980 125.017 -1.033
202209 -0.546 125.227 -0.575
202212 -3.018 125.222 -3.176
202303 1.514 127.348 1.567
202306 -2.273 128.729 -2.327
202309 0.216 129.860 0.219
202312 4.195 129.419 4.271
202403 2.991 131.776 2.991

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Kaori Heat Treatment Co  (TPE:8996) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kaori Heat Treatment Co Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Kaori Heat Treatment Co's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Kaori Heat Treatment Co (TPE:8996) Business Description

Traded in Other Exchanges
N/A
Address
No. 5-2, Chi-Lin North Road, Chung-Li Industrial District, Taoyuan City, TWN
Kaori Heat Treatment Co Ltd is engaged in producing mechanical hardware, processing fabricated metals, and heat exchange products, as well as the manufacturing and developing of thermal products.

Kaori Heat Treatment Co (TPE:8996) Headlines

No Headlines